We are now accepting nominations for the 2024 Meaningful Capitalism Awards!

Click here for more information.

Congratulations 2023 Meaningful Capitalism Awards finalists and honorees.

Next year's event will be held May 7, 2024. Save the date!

Click here for more information!

Tickets for our first annual Meaningful Capitalism Awards are now available!

Click here for more information!

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family-owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Businesses of all types and sizes strive for efficient and well-supported financial operations. We provide fractional bookkeeping and accounting services to help organizations effectively manage financial operations and support management decision-making.

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family-owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Clear, simple and well-designed financial information, on-time accounts payable/receivable, payroll, forecasting and reporting are essential to effectively run any organization. We provide tools for ongoing review, management, and timely decision-making.

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family-owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Take quick action during the COVID-19 crisis.

Invite Platinum Group to help assess and apply options to restore hope for the company’s future.

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Your Future. Our Passion. Business Mentors to Struggling Companies!

As business owners struggle with the myriad of issues brought about by COVID-19, Platinum Group has specialized business advice services and contacts to guide strategic changes, cash crises, bank relationships, employee payroll/benefits issues, crisis communication and more.

Platinum has been involved in business crisis management for the last four decades and understands the stress and uncertainty of many business owners. Our business turnaround specialists have first-hand leadership experience in how to help struggling companies. We can help you overcome your hesitation and make the important decisions now. Act fast to protect the value of your business.

For a no-obligation consultation about the impact of COVID-19 on your company, contact us at 952-829-5700.

Recently, we were deeply saddened to learn that Platinum Group’s Founder, Dean Bachelor, passed away. Thank you to all who have since called or written us expressing your heartfelt wishes and condolences, and especially those who have reached out to Dean’s family.

Meaningful Capitalism Awards

Platinum Group founder, Dean Bachelor, summarized the firm’s mission as Meaningful Capitalism.TM His passion was to bring significant meaning to all stakeholders of every client Platinum worked with and to drive their growth and success through our shared economic engine—capitalism. We want to honor companies that live out Meaningful Capitalism.

You are invited to join us in celebrating successful business owners through the Meaningful Capitalism Awards reception being held May 7, 2024 at the Metropolitan in Golden Valley.

We are now accepting nominations. Click here for more information!

Meaningful Capitalism Awards

Platinum Group founder, Dean Bachelor, summarized the firm’s mission as Meaningful Capitalism.TM His passion was to bring significant meaning to all stakeholders of every client Platinum worked with and to drive their growth and success through our shared economic engine—capitalism. We want to honor companies that live out Meaningful Capitalism.

We are now accepting nominations for our first annual Meaningful Capitalism Awards ceremony, to be held on May 4, 2023. Click here for more information regarding sponsorships and nominations.

Your Future. Our Passion. Thriving Businesses... into the Next Generation!

Platinum Group offers a confidential place for small, mid-sized and family business owners to share their dreams, challenges and struggles. We understand the stress and uncertainty of many business owners, which make it difficult to move while hesitant.

First, we listen; then we thoughtfully and strategically respond. Together, we focus on the outcomes that will move your company forward – to thrive into the next generation – based on desired goals. In the process, our business owner clients see where they want to go more clearly, gain more confidence and get a better night’s sleep. Our Core Values and Mission (Meaningful Capitalism™) guide business owner relationships to ensure we do the right thing – always.

Featured Case Study

Mentoring a Family-Owned Business Back to Health

How Platinum guided improvements in lender relationships and business operations to get a company back on track

An $8-million, family-owned service business with dominant market share veered from its core business as the owners pursued other businesses, becoming significantly unprofitable. As a result, lines of financing relationships with outside senior and subordinated lenders were damaged — and the company quickly found itself dealing with the senior lender’s workout... MORE

Straight from the CEO interviews, learn how to deal with the most pressing business and economic issues of the day.

Published by Platinum

Love Minneapolis

Healing and Economic Transformation in North Minneapolis By Steve Coleman What was your silver lining from our recent pandemic storm? It’s no surprise as months passed, how many of us became eager to do something positive. Early in the pandemic, several Platinum partners and other business colleagues gathered in a generosity circle to explore how we could be more active doing good for our city […]

Business Trends and Tools

Economic Conditions Are Improving, At Least for Now

By Dale Kurschner, Executive Consultant U.S. commercial Chapter 11 bankruptcy filings through September outpaced the number filed in all of 2019. And the 747 filings made that month represented a 77 percent increase from the same period a year earlier, according to AACER court data. Yet Minnesota’s economy appears to be rebounding quite well from the depths of the Covid-19 recession earlier this year, based […]

Platinum in the News

Platinum Group Announces Sale of Dee Inc.

Foundry Specializing in Production of Precision Aluminum Die Cast Parts MINNETONKA, Minn. (November 21, 2022) – Platinum Group, a business advisory firm based in Minnetonka, Minn., today announced it completed the sale of Dee Inc., a Crookston, Minn. based foundry specializing in design, close tolerance aluminum casting, machining and fulfillment, to a  strategic buyer with complimentary production and market focus. Terms of the sale were […]

Platinum Event

How to Avoid Bankruptcy, and if It’s Inevitable, How Best to Proceed

This November Zoom panel discussion provides perspectives and advice from three experts who collectively have been there/done this 100+times. A few of the many key takeaways include: Be transparent with creditors, vendors and employees in that order. Do a liquidation analysis to understand what you would walk away from, and with, should an orderly liquidation occur. Develop a new business plan that’s honest about what’s working […]

Featured Case Study

Potential Bankruptcy Averted During Cash and Credit Crisis

How Platinum led a manufacturer’s quick return to profitability

A Midwest manufacturer with $45 million in revenue and employer to more than 200 employees suffered a severe decline in productivity from a failed equipment/infrastructure upgrade. Orders were delayed and key customers moved production to alternate suppliers. Cash flow suffered while the company posted... MORE

Conflict Resolution Was Key to Saving One Marriage, Three Businesses and 100 Jobs

How Platinum helped business owners settle “clash points”

A husband and wife who owned three businesses, which complemented each other, were referred to Platinum Group by a close friend to evaluate the health of their operations. After successfully completing an Opportunity Assessment – where Platinum reviews the business finances, operations, governance... MORE

Featured Case Study

Creative Solutions to Overcome Ownership Transition Constraints

How Platinum Group created advantageous loan structure for buyer and seller

Situation: The owner of a Midwest distributor in the residential and commercial construction market had doubled revenue and significantly increased profits in 10 years. He wanted to sell the company and eventually retire with a strong return on investment. Yet he faced daunting ownership transition constraints due to his agreement with his exclusive manufacturer... MORE

Platinum in the News  

  • Foundry Specializing in Production of Precision Aluminum Die Cast Parts MINNETONKA, Minn. (November 21, 2022) – Platinum Group, a business advisory firm based in Minnetonka, Minn., today announced it completed the sale of Dee Inc., a Crookston, Minn. based foundry specializing in design, close tolerance aluminum casting, machining and fulfillment, to a  strategic buyer with complimentary production and market focus. Terms of the sale were not disclosed. Dee Inc. retained MORE

Platinum in the Community    

  • A Donation to Banyan Community Many of you and your families give of your time, talents and treasures throughout the year to worthy nonprofit organizations that make a difference in our community. To honor this commitment, Platinum Group is making a donation this holiday to Banyan Community on behalf of its clients, trusted advisors and friends. Platinum’s Tom Hubler is chairman of the board of directors for Banyan Community. This MORE

Published by Platinum  

  • Healing and Economic Transformation in North Minneapolis By Steve Coleman What was your silver lining from our recent pandemic storm? It’s no surprise as months passed, how many of us became eager to do something positive. Early in the pandemic, several Platinum partners and other business colleagues gathered in a generosity circle to explore how we could be more active doing good for our city and region. This evolved into MORE

Platinum Event  

  • This November Zoom panel discussion provides perspectives and advice from three experts who collectively have been there/done this 100+times. A few of the many key takeaways include: Be transparent with creditors, vendors and employees in that order. Do a liquidation analysis to understand what you would walk away from, and with, should an orderly liquidation occur. Develop a new business plan that’s honest about what’s working and what has to change. MORE

Featured Case Study

Transition Case Study

Communication is the Foundation for Successful Transition

A family owned services business had grown from one site and local clients to more than a dozen locations and hundreds of employees. The founder’s vision had been strong and effective in drawing skilled managers and service professionals into the business. Over more than a quarter century, the business flourished. After the founder died, a son and niece became co-owners of the company. Their balanced partnership of outreach and sound management led to growth in size, reputation, number of employees, client acquisition, and revenues. The legacy of service and hard work produced significant value in the company. Yet, as outside interests began to take a larger share of energy for one of the co-owners, tensions grew. Concerned about the possibility of intra-family litigation, an advisor to the owners suggested that Platinum Group might be able to help find options to move ahead.

Read how Platinum guided a successful succession through family communications.

Business Advice

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

MORE

Family Business

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

MORE

Business Transition

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

MORE

Business Turnaround

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

MORE

Explore Best Practices for Your Business at November 14 Event

Business leaders often talk about “best practices” — but it’s rare that they sit down and really explore how to make better business decisions that could propel their business forward. That’s why Platinum Group is offering a half-day Best Practices Conference, along with sponsor partners Fredrikson & Byron, P.A. and ACG Minnesota. The idea is to inform by example to deliver three outcomes: clarity where there is confusion, direction where there is indecision and confidence where there is doubt.

November 14, 2018
7:30 AM – 1:00 PM

Fredrikson & Byron
200 South Sixth Street, Suite 4000
Minneapolis, MN

Speakers include:

  • Deluxe Corp. CEO Lee Schram on how he transformed a hurting business into an industry leader;
  • Steinwall Inc. owner Maureen Steinwall on knowledge capture and sharing in a manufacturing environment;
  • Minneapolis Federal Reserve's RonWirtz on the state of our local economy;
  • Real Avid owners Howard and Julie Tripp on how they’ve successfully grown a business and remained happily married for the last 30 years;
  • Platinum Group’s Bill English on Platinum’s Top 10 best practices for business owners and leaders; and
  • Communications strategist DaleKurschner on gaining media coverage you want, and managing the type you don’t.

Tickets are going fast and you can register by clicking here.

HOPE TO SEE YOU THERE!